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now. we can put the posturing finally aside. we've run out the clock on this posturing phase. >>> bob corker joined a growing number of republicans who argue that agreeing to the president's position on raising tax rates will actually give the republicans an upper hand in budget negotiations going forward. >> a lot of people are putting forth a theory, and i think it has merit, where you go in and given the president the 2% increase that he's talking about, the rate increase on the top 2%, and all of a sudden the shift goes back to entitlements. >> will i accept a tax increase as a part of. >> deal to solve our problems? yes. >> oklahoma congressman tom cole who has delivered a similar message said yesterday he believes the bill to extend just middle class tax rates would pass the house right now. >> i think it if it got to the floor it would carry. >> i spent a lot of time counting votes and looking around. >> but kevin mccarthy, the guy who is actually in charge of counting the votes on the republican side, made it clear that the public message from house republicans is sill no deal
and a hat for 38 bucks. >> add a cup of coffee and a hot dog. >> while we use the word trousers, bob pisani is here watching what's good morning, bob. >> happy monday, everybody. did you notice the market. nice rally here. again, the market is demonstrated that it believes a deal on the fiscal cliff is coming. i know. i didn't hear it over the weekend. headline risk was all anybody wanted to talk about on friday. if anybody says that a deal is not happening or it's going nowhere, we could wake up down 15 points on the s&p on monday. guess what? boehner said the deal is going nowhere. now, when i call the bulls on this, they say, bob, they didn't say a deal was off. they just said so far the negotiations are going nowhere. the market still believes that a deal is coming and it's going to be a substantive deal. instead and by the way, geithner insisted on tax rates issues. looks like there may be something happening eventually. we didn't fall apart on the whole thing. even futures weren't down overnight. instead we rally on a little bit overnight on the greek deal and for those that don't kno
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to republican senator bob corker. >> there is a growing group of folks that are looking at this and realizing we don't have a lot of cards as it relates to the tax issue before year end. a lot of people are putting forth a theory and i actually think it has merit where you go in and give the president the 2% increase that he's talking about, the rate increase on the top 2% and all of a sudden the shift goes back to entitlements. >> so senator corker, john, is part of a growing number of republicans who are saying that. let's cave on income tax rates. maybe not go all the way up to where the white house and senate democrats want. but let's give some on this so we can talk about entitlement reform, reforming medicare, reforming social security. this came on the heels of some developments on friday. remember house speaker john boehner came out and said i have no progress. this isn't a progress report. i have no progress to report. but then you also saw maybe the white house signalling that they're negotiable on just how much the rates go up because senator joe biden indicated that as well. >> and m
headlines. >> thank you. >> gretchen: an intern for bob men endez busted for being in the country illegally. the 18 year old is a registered sex offender. he is from peru and in the u.s. on an expired visa. the intern clearly tried to deceive the santor. >> brian: this next story is crazy. >> steve: justin beiber the target of a murder plot. ♪ >> steve: a convicted killer serving time in a practicon in new mexico accused of hatching a plan. martin was angry because of all of his fan mail to beiber went unworried . he recruited two hit men to strangle beiber and his bodyguard in a recent concert in new york city. it is it a terrible story it didn't happen. >> brian: this is not a joke, this is it a scoreboard from a girl's high school basketball game. final score 107-2. his players were not trying to run up. it would be more embarrassing for his players to stop shooting . the losing team's coach was disappointed >> gretchen: victoria secret model may be well rounded but not the singing skills e. ♪ deck the halls of boughs with -- my god. no, is it falalala. >> we sing . ♪ santa baby. o
done by the crc. >> so, bob, you say critics like aaa want to kill e-15 because of ethanol? what is your argument? why would they want to kill e-15? >> well, look, there's no evidence to suggest that there are any problems associated with e-15. e-15 has been the most tested fuel in the history of the environmental protection agency. in fact, there were 86 cars tested over three years. the miles driven by those cars are the equivalent of six round trips to the moon. you could not have tested e-15 any more. and the only problems that were found is a couple of deer were killed on the test track. >> okay. let me ask you this, according to aaa -- bob, i want you to tell you whether you believe this to be true or not. according to aa, bmw, chrysler, toyota, nissan do not cover damage under warranty. hyundai, kia, volvo have said e-15 might void their warranties. do you dispute that? >> ford and general motors have warrantied e-15 for 2013 vehicles and on, which is the first year they were able to provide warranty coverage because prior to that the epa did not allow e-15 be sold. prior
. but yesterday another influential republican, senator bob corker from the senate banking committee, said his party should consider the president's position on raising tax rates on the wealthy. >> there is a growing group of folks that are looking at this and realizing that we don't have a lot of cards as it relates to the tax issue before year end. i mean, we have one house, that's it. the presidency and the senate's in the democrats' hands. a lot of people are putting forth a theory, and i actually think it has merit where you go ahead and give the president the 2% increase that he's talking about, the rate increase on the top 2%, and all of a sudden the shift goes back to entitlements. i actually am beginning to believe that is the best route for us to take. >> that's significant, and jon, that's from your home state of tennessee. you've got two republicans that are -- two republican senators who are -- haven't been the most active in trying to seek out deals, you know, in a really conservative state. it's not like there's a safe political play for them at home. >> not at all. if you want
, bob, it's a fantasy. all of this goldilocks stuff is a fantasy. you cannot get strong growth with rising taxes and lower spending. that's not going to happen. you cannot have unlimited stimulus that is not going to cause inflation. that's just a fantasy. so there's a real fight going on. none the less, have you noticed, gold being sold, buying the euro, it seems a weird trade going on here affecting the markets. this was going on yesterday as well. this may have to do with the yen. the yen is hitting new lows against the dollar. it's hitting new lows against the euro. have you seen what's going on with the japanese elections? the new prime minister told the bank of japan we want more stimulus. guess who's meeting thursday? the bank of japan. japan's exports fall for the sixth straight month. you are going to see the bank of japan on thursday announce new stimulus measures. you're going to see efforts to weaken the yen. it's going to get even weaker. that is the old yen carry trade. that may be where some of this money is coming from to do the odd little trades that seem to be
it is and what it means? we hit the streets. >> steve: indeed, and bob costas and his no spin zone to defend his half time gun control rant. what did he say and what does former nfl player think? he will join us live to react this hour. "fox & friends" hour two for thursday starts right now. >> gretchen: i thought the same thing that scarlet johansson was in times square answering ainsley's question. i thought what, a lucky day for steve and brian that yesterday they would have petra and today scarlet. >> brian: and the day before, victoria secret models. >> gretchen: what a week! >> steve: one of the young people when did respond said fiscal cliff, that sounds like something i probably studied in school. no. this is new. this is something that they've just fresh baked up for us. >> brian: this generation made it up! >> gretchen: they'll be paying for it. >> steve: for a long, long time. our children and children's children, consider the amount of dent this president has run up. this could be good news. the president of the united states did speak with speaker boehner yesterday on the phone. we
on the wealthy, the top 2%. listen now this is your colleague, senator bob corker of tennessee. you'll hear him use the word folks, we believe he's talking about his fellow republicans, such as yourself. take a listen. >> if there is a growing group of folks looking at this and realizing we don't have a lot of cards as it relates to the tax issue before year end, a lot of people are putting forth a theory and i actually think it has merit where you go and give the president the 2% increase that he's talking about, the rate increase on the top 2%, and all of a sudden the shift goes back to entitlement. >> senator snowe, i've read that you've expressed similar sentiments. do you sense more republicans moving in that direction? >> well, at least from the standpoint that, you know, it is possible that what could happen is that we pass the tax cuts for the middle class, that's what, you know, i've been -- get that off the table. we all agree on that. it is not an issue in disagreement. then you can focus on the top 2% of the american people who pay the top tax rates and, of course, entitlement spend
bob hope. the troops love me. we have a big big hour and the iq will go way up. alright, in 15 minutes we're going to do the young turks. i think the number one thing that viewers like about the young turks is that we're honest. they know that i'm not bs'ing them with some hidden agenda, actually supporting one party or the other. when the democrats are wrong, they know that i'm going to be the first one to call them out. they can question whether i'm right, but i think that the audience gets that this guy, to the best of his ability, is trying to look out for us. >> announcer: heard around the >> announcer: this is the "full court press." the "bill press show" live on your radio and on current tv. >> bill: we're talking about the war on working families now. the latest battle front is the state of michigan. by the way didn't mention there in the first segment that the koch brothers, of course, are right in the middle of all of this. the "the obama hate machine" having failed to dislodge obama now failing again to destroy labor unions. they were
the americans would blame republicans if the country went over the cliff. bob corker called for a quick deal. he said right now there is no question in my mind that the president has the slight upper hand. >> slight? >> stephanie: uh-huh. more conservatives said it most notably senator from oklahoma seem willing to let tax rates rise. it seems like boner is having his orange hand forced here. >> yeah. >> stephanie: good morning. >> caller: good morning. i happened to listen to mourning joe this morning sorry. >> stephanie: i'm sorry for you. >> caller: said they these jobs coming back to america are great. they are paying 15 to $17 an hour. and i'm thinking you can't buy a house or send your kids to college on $17. and in michigan people are saying they ought to let the unions go because people just need jobs. >> stephanie: it's what the president was saying yesterday. this should be a race to the top, not a race to the bottom. oh, she is done with me. >> she'll listen to you off line. >> stephanie: i always hang around too long. shut up chris. >> i have no reason to talk. >
. in 30 minutes, senator bob corker and kent conrad. and at 9:00 eastern, representative scott garrett and sander levin. remember "squawk on the street." >> that's right. "squawk on the street" we have a lot to come, as well. the two senators we're talking with next, two members of the gang of eight now. we'll talk to them. guys we'll send it back to you right now. >> great. thanks, guys. appreciate that. we are now, though, going to flip it over to phil lebeau who is in new york and he's got breaking news. >> as expected we knew that delta was in negotiations to buy 49% stake in virgin atlantic. the deal has been completed. the price is $360 million for that delta will increase its access to heathrow. that's really the key here. 31 daily nonstop flights. that's all part of what goes between the uk and north america for virgin atlantic. the brand remains, guys. make that clear here. the virgin atlantic brand does not go away. what changes is that delta has a 49% stake in the company. there's going to be a press conference later this morning here in new york. we're going to be talking w
into yesterday's. some republicans are coming around on improving higher tax rates for the wealthy. bob corker said on fox news sunday, obama does have the upper hand on taxes. oklahoma representative tom cole said on cnn's state of a union if brought to a vote they would pass the house. that goes against speaker boehner's tone who seems to believe obama's plan would not be able to pass both chambers of congress. as far as what americans think of the president right now that is pretty evenly split. the new politico battleground poll just out today has his approval rating at 50%. more than billcat bill press" is coming up after our break. join us in the chat room at current.com/billpress. see you there. viewer for capella university. matter. >> i work with adults with developmental disabilities. growing up i had a single mother of four and people in the community were so helpful when they didn't even have much themselves. seeing people and their hardships made me want to make a difference in people's lives to give them hope. receiving a masters degree would open the doors for
?margin. don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being funny, bob. i know. >>> sports world has been out front honoring the victims. we have seen messages on helmets and shoes in the nfl and the nba and players wanting to send a message and reach out as role models and as parents themselves. this was the scene in hartford, connecticut, the university of connecticut men's basketball team honoring the victims and it was a touching try bite. joining me now, the legendary head coach of the uconn women's basketball team, the sport in the state of connecticut. welcome, coach. thank you so much for being with me this morning thank you, carol. great to be here. >> how important is it for your players to remember these victims? >> well, they're not f
toss it to bob. bank of america continues its tear up 1.75% new 52-week high in today's session of 1064. on our radar this morning. let's send it over to bob with more on what's moving. >> happy friday. what a week. futures popped ten points on the jobs report even though october was revised downward rather notably. a good open. materials, techs, financials leading the way. i wish i could be more optimistic on the fiscal cliff. a gloomy commentary this morning. expectations are getting narrow. grand bargains are out and the idea of maybe the fallback position is pass a simple tax bill like the one the senate had. the simple bill here. you have tax cuts for middle class but not for people over 250,000. you have dividends and capital gains going to 23.8%. that's the senate bill. and that's it. you leave out estate tax and leave out payroll tax cut and unemployment extension and you leave that out. no delay in the sequestration. this is pretty thin gruel. this is what's tossed about and talked about today overall. is that enough to satisfy the markets? remember, the two requirements, got t
's a question, though, willie, whether you want the job or not. >> right. >> i asked bob riley, i've said this 1,000 times, it seems extraordinarily important if you're a union member in the northeast, and like me, you want your factories running again. i asked bob riley, i don't understand, why did mercedes go to tuscaloosa county, alabama, instead of filling up the factories in connecticut? 15 minutes away from yale. or in rhode island. 20 minutes away from brown. i mean, right by some of the most highly trained, brilliant minds in the world. that's easy. the work force rules are so insane there, there's no way that mercedes or bmw or airbus would ever dream of going to those states. do you want the jobs or do you not want the jobs? >> and that plays out all over the south in harold's home state of tennessee, auto plant comes back, you get a bunch of jobs but at a very low wage. so the question is do you want to lower ourselves to the global standard of wages so that you have many more jobs -- >> that's a better option. >> that question has to be answered -- >> stronger middle class in union s
we're willing to go book to 39.6%, as bob corker said over the weekend? is it helpful? >> i think it is hopeful for the republicans on the revenue side we're willing to move. i believe in capping deductions. bowles-simpson is bipartisan proposal. "gang of six" senators, three democrats, three republicans. they didn't raise rates. they capped deductions to. raising rates is partisan political trophy for obama. i don't want to go down that road only if they do entitlement reform. i don't hear any democrat of note hering what i would do on the entitlement side. if i were republicans i would be quiet for a while and see what the democrats put on the table for entitlement reform. >> big debate last week republicans saying we will do exactly with you said. we're only going to do cuts in deductions. we'll eliminate loop hoses. -- loopholes. that is what happened over the weekend. seems like over the weekend it dissolved into accepting of raising tax rates. the president said there is no deal unless i get that. that is what i ran on. american people are expecting that. >> here is where th
morning, bob costas admits he made a mistake addressing gun control during half time show of the sunday night football game. he says he should have done it when he had more time to flesh out his point of view. well, we'll be discussing that one. president obama says a deal will not happen without higher tax rates on the rich. kirsten powers, who i think has shifted to the right just a little recently, kirsten powers will be with us and defend the president's position. the city of huron, south dakota wants to ban eating while driving. all rise, the judge will have something to say about that. what can you legislate. what can you regulate in terms of behavior when you're driving. no eating? we want to hear from you e-mail us at varney@foxbusiness.com. and seven early movies.tibco so and pandora, bad news, down it goes. citi cutting 11,000 jobs and going to save a billion bucks a year. up a buck 30 on that one. seismic equipment supplier named mitchum, posted what's described as a surprise loss. down 17%. and a defense contractor, posted higher profits. better than expected. maker of tommy
governor, bob mcdonald, ohio governor john kasich all dropping by to talk to mr. adelson. ken vogel on politico's site has told adelson and friends he's looking for someone to run with executive experience. that's intriguing. that suggested he might be looking beyond paul ryan, beyond marco rubio to one of these governors. it's also happening on the democratic side, martin o'malley, one of the candidates who for sure wants to run is having a fund-raiser here in chevy chase, maryland, today. then he's going to be out in los angeles this week talking to big funders. another possible democrat, andrew cuomo, your governor there in new york, to be here in d.c. today talking to new york members and senators. >> never too soon to get started on 2016. mike allen with a look at the "playbook." thanks so much. >> have a great week. >>> coming up next on "morning joe" -- >> here we go. final seconds. luck steps. luck, a little flip, donnie avery, he's in! touchdown! indianapolis has done it! >> that is the rookie, andrew luck, engineering a last-second comeback against the lions. the indianapo
for your comments. rick said we are not amused with bob costas comments on the murder suicide. is everyone who doesn't agree with you a left-wing radical? no. another common is that the media has been talking about the nfl murder suicide. now we are talking about limited citizens gun rights. when we talk about the drugs that were taken by the nfl player? thank you for being with us tonight can i help you? i heard you guys can ship ground for less than thups store. that's right. i've learned the only way to get a holiday deal is to camp out. you ow we've been open all night. is this a trick to get my spot? [ male announcer r ] break from the holiday stress. save on ground shipping at fedex office.
said we are not amused with bob costas comments on the murder suicide. is everyone who doesn't agree with you a left-wing radical? no. another common is that the media has been talking about the nfl murder suicide. now we are talking about limited citizens gun rights. citizens gun rights. when we talk about the you know how painful hearurn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- rieving the pain quickly. try fast, long lasting gaviscon®.
's bob costas created a controversy while talking about the kansas city chief player jovan belcher killing his girlfriend before taking his life. he says if belcher didn't have a gun he and cassandra would be alive and here he is trying to explain his comments on the o'reilly factor. >> i didn't call for any specific prohibition on guns and i voted from a column by jason whitlock and now on the fox supports website, in which he mentioned a gun culture in this country and it plays itself out in many ways, but it's about and toward guns that almost always leads to tragedy. >> not always leads to tragedy, in fact, mr. costas, i think you're a great sports caster, i really do, i thought you did a terrific job for the olympics, for the same reason i don't try to do commentary on sports you might want to do some brushing up on the facts before you comment on what you call the gun culture. here is the fact. over 4,000 times a day, in this country. 4,000 times a day, guns are use today prevent a crime by private citizens. in fact, there is 50 times more of a likelihood that a private citiz
. >> bob king, president of the auto workers was vague when pressed on what the next move will be for the unions and the democrats in michigan. it's clear they want to explore the legal options and throw the channels at this law in court. they want to set the sights on the next election. >> bret: big news. mike tobin live in lansing. thank you. president obama is vehemently against the michigan right to work law. he spoke against it yesterday near detroit. earlier today, the republicans accused the president of deliberately delaying talks to get the country office call cliff. late this afternoon, word of a new offer from the president. an g.o.p. counter offer. we have been told the president and the house speaker boehner spoke on the phone moments ago. chief white house correspondenthead entry has the update. good evening. is that promising? >> some promising signs tonight. i confirmed what you mention about the phone call today. late today between the president and the speaker. that followed what i'm told by the senior officials of what is a better than has been reported
report, seasonaled justments will be a huge factor relative to sandy. >> bob and michelle are here. and my biggest question, if all the companies are pulling the give dends forward, the u.s. government thinks it will be taking in x amount based on what they would normally get for dividends plus whatever the hirer rate is going to be. it will drop substantially, correct? >> you'll get leads and lags in the revenues. a lead into this year, a lag next year. pretty obvious how this works. in terms of tax planning, let hope they know to take account of this. the argument will argue how great this is working and when there's a shortfall, how did that happen. so i hope we don't go that route. but this administration has been very big on these kinds of things, basically distorting what's going on and this current thing about the mandate really bothers me. so i woouldn't -- >> i think the challenge is being forward looking. there's big challenges not just because the challenge in terms of getting all the information, but also if win terms of trying make the budget numbers look good and you
to mr. obama. then you'll have a recession on your hands. if not a recession, bob riech, these high tax policies are going to slow the growth, make it more anemic. >> let me partially agree with both you and casey. i think that the jobs report today was not good. i think that we are still in a jobs recession. we're still in a gravitational pull of the great recession. and i think we ought to have much more on the demand side. i mean i'm not a supply cider. i see that big companies are sitting on $2 trillion of cash. the people at the top are doing very well. the problem is the median wage keeps on going down. most people don't have the cash to keep buying. so the government has got to step in this is the worst time to raise taxes on the middle class. it's the worst time to cut golf spending. then we really are in a recession. that really will bring on a recession. >> do you agree with that, casey. the worst time to cut government spending? >> well most of this spending we've been doing lately is our transfers. and they're paying people for being poor. paying people for not working. i'm
, blah, blah. i think what's more important, andrea, is look what happened with bob corker. you played it. the tennessee republican senator essentially saying, look, we don't have a lot of leverage here. this is something you're starting to hear more and more. tom coburn said something similar. tom cole said something similar. we have to take what we can get. we're innocent a great bargaining position. if that means higher rates, so be it. if we can extract a promise on entitlement -- on specific entitlement cuts. that's the sort of big if. president obama has not done anything in temz of offering specifics on what the $400 billion in entitlement cuts will be. i assume that number would have to be higher for republicans to sign on to it. if you are looking at sort of the optics of all this, andrea, it would suggest a relatively united democratic front, and a splintering and likely to splinter the closer we get to december 21st republican side. >> i think the fact that they put out similar talking points, the white house and the speaker, tells you a lot that they are coming a lot closer. t
in g.o.p. ranks over letting the president have higher tax rates on top earners. tennessee senator bob corker told fox news sunday that republicans should give ground on taxes and concentrate on long-term spending cuts. >> the focus then shifts to entitlements. maybe that puts us in a place where we actually can do something that really saves this nation. so there is a growing body -- i actually am beginning to believe that is the best route for us to take. >> woodruff: but on nbc, house majority whip kevin mccarthy countered that that approach is the wrong way to go. >> it doesn't solve the problem. the president is asking for higher rates, he's asking for more revenue. most economists agree the best way to get that is through closing special loopholes. when you close those it makes a fair tax process. >> woodruff: a new poll from politico and george washington university backed the president's position. 60% favored raising taxes on households earning more than $250,000 a year. 38% were opposed. another survey last week found that by a 2-to-1 margin, americans would blame republicans
bob corker was on our air earlier today and he laid out sort of what the political challenges here for republicans. take a listen. >> it sure seems to me that we're negotiating about something that makes it appear that all we are trying to do is protect the rich. er with not at all focused on entitlement changes which is the only thing that will save our country. >> so when the speaker now briefs his republican leadership colleagues about whatever was in that meeting yesterday, the trick for him is going to be to present it in a way that he gets there and continues to have support. there is mumbling and grumbling about a particular challenge to speaker boehner about republican colleagues early in the new year. that is something the speaker would like to avoid. he has it find a way to get a deal and keep his job at the same time. all of that is tricky can be tyler. >> thank you very much. let's go to the exclusive patented trade mark cliff-o-meter. are we closer to a deal? no deal. we call it right now, right in the middle. that is closer to a deal than it was late last week. basica
place than we were yesterday. >> if you listen to bob corker, republicans know they have to give on taxes. so i guess, jackie, the key question is, what are the real options here? i mean, i suppose the house could pass the senate bill that extends tax cuts for 98% of americans, leave everything else until january. and use the debt ceiling as leverage. they could try to get some kind of deal on entitlement reform. maybe raising the age for medicare from 65 to 67. what's looking likely or is the problem that there is nothing that looks particularly likely right now, jackie? >> well, some of the things you just listed are going to be part of a framework. i think we're starting to see that. you know, the heavy lifting is going to have to happen this week. just in terms of time. if you don't get something by the 14th or 15th they're not going to have time by the rules to get this through before christmas. otherwise we're getting into christmas, getting into the holidays. it's going to get complicated getting members in and out of town and all that. this week is going to be a critical
a plant in chattanooga a few months ago, 2,000 new jobs. bob corcoran was down there. 2,000 jobs, every one of which started at $14.50 an hour. >> right. they're not all going to be at -- >> so volkswagen was moving these jobs here because we're the low wage country compared to germany. >> dude, are you suggesting we push these jobs away? >> i'm not. >> i would rather americans have a shot at a $17 an hour job than having it in china. >> i agree. >> find a way to do better. i actually agree with you. but you have to understand the consequences are pretty severe for american lifestyles. >> again, though, i'm sorry, mike, but the consequences are, we have two choices, we can't get 1965 wages, we either have these jobs in china or lexington, either have them in alabama or germany and this is at least for some of -- a chance for younger americans to get some good jobs. >> joe, if you're taking a job that pays $14.50 an hour. it means one of two things, a, you don't have a job so you're getting a job or b, you're taking a job that's higher paying job. come on, this is good news! 1 $14. $14.5
bob corker, former businessman is very outspoken on this as well. he will speak to the israeli ambassador on the latest developments overseas. that is "fox news sunday". our thanks to chris as we always see mr. sunday, on sunday afternoon and sunday morning depending where you are. bill: no shortage of topics. martha: no. bill:. recording your every move while you drive. while the same kind of black box found in an airplane could be standard on the next car that you buy. plus there's this. martha: wow! a car plowed into a store. the bizarre accident was caught on tape. we'll show you what happened. we'll be right back. you can't argue with nutrition you can see. great grains. great grains cereal starts whole and stays whole. see the seam? more pcessed flakes look nothing like natural grains. i'm eating what i kn is better nutrition. mmmm. great grains. search great grains and see for yourself. bill: well, if you drive, and many of you do you do not know this just yet. soon there could be a device in every car recording your every move. how fast you go. do you stop? do you accel
has the best policy. >> let's switch gears. fiscal cliff, republican senator bob corker, the latest republican to say, all right. go ahead and raise taxes on the top 2%. here's what he said. >> a lot of people are putting forth a theory, and i actually think it has merit, where you go ahead and give the president the 2% increase that he's talking about, the rate increase on the top 2%, and all of a sudden, the shift goes back to entitlements. >> will, why not give him the 2% and then get what you want on the other issues that are on the table? >> well, senator corker's strategy, his analysis here has a little bit of merit. look, if we give in on the top 2%, if we just say, okay, you get your tax increases on people over $250,000. now what, democrats? now? all that entitlement you've been talking about that you're willing to look at reforming, let's look at it now. nothing's in the way of that. there's a little bit of merit to that. but it also requires you to believe that president obama and the democrats have a real interest in fulfilling that obligation, a real interest in examini
, martin, the chief staff to governor bob mcdonnell. at the end, roxanne white joining us from colorado. so, their full bios are in the pamphlet on your table. >> first, thank you for the report. it provides a good framework to continue to look at the challenges facing us. we have been engaged in pension reform in colorado. our pension fund is about 69% in solvent. we did major reform and now we are in court trying to defend that reform. our pension costs will go to 22%. to give you a sense of how far behind the war, if we lose in court and the battle is whether or not we have a right, we could see a need to go to 25% of compensation by 2020. it is important to get through the litigation. we are very concerned about medicaid costs. they are about 20% of our budget, growing at a rate of 8% per year. we are very engaged in putting everyone in medicaid in an affordable care collaborative. we believe the exchange offers the opportunity for two things. it was largely supported by small businesses in colorado to help them to be able to afford insurance for their employees. there was a very bipart
communicators." >> we just saw pennsylvania senator bob casey. >> the committee will come to order. we want to thank everyone for being here today. i did not have a chance to personally greet our witnesses, but i will have time to do that later. i want to thank both of our witnesses for being here. i will have an opening statement that i will make, and then i will turn it to dr. burgess. i know that vice chairman brady will be her as well. we know the challenges that we confront here in congress on a whole range of issues, which are sometimes broadly described under the umbrella of the terminology, fiscal cliff. when we confront those difficult challenges, we have to ask ourselves a couple of basic questions. one of the basic questions we must ask is, what will be the result and will be the impact as it relates to middle income families? what will happen to them in the midst of all these tough issues we have to work out? we know there is broad agreement that going over the so-called fiscal cliff would jeopardize the economic recovery. it would do that by increasing taxes on families, haltin
are pleased to have our distinguished colleagues chuck schumer from new york, bob mendez from new jersey and i believe senator gillibrand will be here shortly. the senators have been a strong partners in this rebuilding effort. it is a great privilege to work together. we are really strong team we share the value of a quick action and sufficient resources to get this job done. as i mentioned, we are in the largest transportation. in the country and it takes diligence and skill of our friends and colleagues. senator schumer. >> thank you, mr. chairman. first, thank you for this hearing but also for your great partnership. new york and new jersey were together as a bipartisan by-date delegation along with our colleagues from rest of the northeast to deal with this awful, awful devastation. it is good you are in so many important positions that will have a lot of say in how we deal with this and we're grateful for that as well as your leadership. thank you, ranking member, senator wicker. west hamilton beach was in my old congressional district. it is one of the few volunteer fire departments in
on unemployment insurance that they're no longer employable at all. host: bob receives unemployment insurance. tell us about your situation. caller: i'm a single-earner, and thank god i have made a good living. assuming i could get a job, and nothing against the folks at fast food or nothing like that, but if you were making a minimum amount of money, with my situation, i would be in the street using that job. i could not pay my bills. i am not talking about luxuries. i rent. i would not be able to pay that. thank god unemployment insurance is geared to what you used to make, so that, and by the way, i am in my 60's. it is not easy. without that amount coming in that is based on what i used to make, i would not be able to survive. i would be industry. -- in the street. host: mr. josh bivens, a chance on this one. guest: that points out that unemployment insurance is a form of social insurance. people take lower wages because the employer has to pay tax. they pay into the system while things are going well, and if they hit a rough spot they hit a benefit that somewhat match its previous earnin
for broad conversation. so with that let me know who is here with us the chief staff to governor bob macdonald and from the state of oklahoma where she is the chief of staff to governor mario and at the end, roxanne white joining us from the great state of colorado where she is the chief of staff to governor john hickenlooper. they are all professionals in their career. i'm going to ask roxanne to start and then we will come down this way. >> thank you for the report. it provides a good framework for all of us to continue to look at the challenges facing us. we have been engaged in pension reform and colorado. our pension is about 69% solvent. we did a major reform in the last administration and we are now in court trying to defend that reform. our pension costs by 2020 will go to 22%, and so to give you a sense of how far they were beyond the state if the battle was whether or not the state has a right to ratchet down the cola for our state employees that we could see the need to go to 25% compensation by 2020, so it's very important that we are able to give you the litigation in terms
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